Kotak FMP Series 292 - 1735 Days Direct - IDCW
NAV as of Aug 29, 2024
11.880.01%
(Earn upto 0.30% Extra Returns with Direct Plan)
Fund Category:
Debt: FMP
Expense Ratio:
0.07%(0.13% Category
average)Fund Size:
Rs. 430.93 Cr(2.85% of Investment in Category)
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Kotak FMP Series 292 - 1735 Days Direct - IDCW
NAV as of Aug 29, 2024
11.880.01%
Expense Ratio:
0.07%
Fund Size:
Rs. 430.93 Cr
Fund Category:
Debt: FMP
1. Current NAV: The Current Net Asset Value of the Kotak FMP Series 292 - 1735 Days - Direct Plan as of Aug 29, 2024 is Rs 11.88 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.03% (1yr), 5.72% (3yr) and 5.83% (since launch). Whereas, Category returns for the same time duration are: 7.97% (1yr), 5.74% (3yr) and 6.87% (5yr).
3. Fund Size: The Kotak FMP Series 292 - 1735 Days - Direct Plan currently holds Assets under Management worth of Rs 430.93 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.07% for Direct plan as on Aug 04, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 10. Minimum SIP investment is Rs 0.
Kotak FMP Series 292 - 1735 Days Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.64 2.19 4.11 8.04 5.72 - Category Avg 0.69 2.24 4.11 7.96 5.75 6.90 Rank within Category 39 39 39 39 10 - No. of funds within Category 79 79 79 79 18 5 - Loading...
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Return Comparison
- This Fund
- BenchmarkSBI FMP - Series 41 (1498 Days) Direct-IDCW
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Kotak FMP Series 292 - 1735 Days Direct - IDCW Fund Details
Investment Objective - The scheme seeks to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk.
Fund House | Kotak Mahindra Mutual Fund |
Launch Date | Aug 13, 2021 |
Benchmark | NIFTY Medium to Long Duration Debt Index |
Return Since Launch | 5.83% |
Riskometer | Low to Moderate |
Type | Closed-end |
Risk Grade | - |
Return Grade | - |
Kotak FMP Series 292 - 1735 Days Direct - IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 10.00 |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 1.53 | 7.2201 | 0.6587 | 1.959 |
Average Maturity(Yrs) | 1.67 | 7.4686 | 0.6973 | 2.1011 |
Yield to Maturity(%) | 7.16 | 8.5458 | 6.9186 | 7.1587 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 97.29 | 90.02 |
Low Risk | - | 3.65 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 2.71 | 6.33 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 12.78 | 38.11 |
CD | - | - |
T-Bills | - | 3.88 |
CP | - | 0.11 |
NCD & Bonds | - | 2.85 |
PTC | - | - |
Cash & Others | 87.22 | 55.05 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
8.03% Uttar Pradesh State 11/05/2026 | Long-term Debt | Others | SOV | 1,979.29 | 45.93 | 1,95,00,000 |
Tamilnadu State | Long-term Debt | Others | SOV | 786.93 | 18.26 | - |
GOI | Long-term Debt | Sovereign | SOV | 502.00 | 11.65 | 55,77,000 |
6.72% Telangana State 22/04/2026 | Long-term Debt | Financial | SOV | 198.91 | 4.62 | 20,00,000 |
8.29% Andhra Pradesh State 13/01/2026 | Long-term Debt | Financial | SOV | 152.46 | 3.54 | 15,00,000 |
7.98% Kerala State 20/04/2026 | Long-term Debt | Others | SOV | 118.14 | 2.74 | 11,65,000 |
8.67% Maharashtra State 24/02/2026 | Long-term Debt | Others | SOV | 102.34 | 2.37 | 10,00,000 |
Gujarat State | Long-term Debt | Construction | SOV | 99.92 | 2.32 | - |
Maharashtra State | Long-term Debt | Others | SOV | 51.08 | 1.19 | - |
7.98% Gujarat State 11/05/2026 | Long-term Debt | Construction | SOV | 50.75 | 1.18 | 5,00,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Kotak FMP Series 292 - 1735 Days Direct - IDCW 11.88 Unrated 430.93 0.69 7.97 5.67 - HDFC FMP 1876D March 2022 Direct - IDCW 11.58 Unrated 30.78 0.70 8.34 - - HDFC FMP 1204D December 2022 Direct - IDCW 11.29 Unrated 50.09 0.59 7.75 - - SBI Fixed Maturity Plan - Series 1 (3668 Days) Direct-IDCW 15.47 Unrated 45.20 0.99 9.00 6.63 7.18 HDFC Charity Fund For Cancer Cure Direct - IDCW 10.29 Unrated 191.95 0.73 8.19 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- D.A.Deepak AgrawalSince Aug 202110 schemes
- M.S.Manu SharmaSince Nov 20225 schemes
Mr. Agrawal is Post Graduate in Commerce from Mumbai University, Chartered Accountant, Company Secretary and CFA. He has been associated with Kotak AMC since 2002.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Medium Term Fund Direct-IDCW Medium Duration 23.33 1,663.28 9.82 Kotak Bond Short Term Fund Direct-IDCW Short Duration 15.10 15,079.54 8.20 Kotak Dynamic Bond Fund Direct-IDCW Dynamic Bond 13.41 2,599.58 10.19 Kotak Floating Rate Fund Direct-IDCW Floater 1,252.53 4,176.26 8.23 Kotak Low Duration Fund Direct Standard-IDCW Low Duration 1,446.87 9,670.30 7.77 Kotak Credit Risk Fund Direct-IDCW Credit Risk 23.31 783.04 9.73 Kotak FMP Series 308 - 1125 Days Direct - IDCW FMP 11.16 Unrated 90.84 8.07 Kotak FMP Series 305 - 1200 Days Direct - IDCW FMP 11.25 Unrated 32.78 7.84 Kotak FMP Series 304 - 3119 Days Direct - IDCW FMP 11.58 Unrated 106.12 9.62 Kotak FMP Series 300 - 1223 Days Direct - IDCW FMP 11.30 Unrated 234.50 7.96 Mr. Sharma has done M.Com and CA. He has over 17 years of experience in fields of Fixed Income Fund Management, Operations, Finance Audit and Taxation.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Kotak Low Duration Fund Direct Standard-IDCW Low Duration 1,446.87 9,670.30 7.77 Kotak Floating Rate Fund Direct-IDCW Floater 1,252.53 4,176.26 8.23 Kotak FMP Series 308 - 1125 Days Direct - IDCW FMP 11.16 Unrated 90.84 8.07 Kotak FMP Series 304 - 3119 Days Direct - IDCW FMP 11.58 Unrated 106.12 9.62 Kotak FMP Series 300 - 1223 Days Direct - IDCW FMP 11.30 Unrated 234.50 7.96
More Kotak Mahindra Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Kotak FMP Series 292 - 1735 Days Direct - Growth | 424.46 | 0.69 | 1.92 | 3.90 | 7.21 | - | |
Kotak FMP Series 300 - 1223 Days Direct - Growth | 230.95 | 0.67 | 1.94 | 3.75 | 7.05 | - | |
Kotak FMP Series 310 - 1131 Days Direct - Growth | 120.17 | 0.67 | 1.94 | 3.75 | 7.06 | - | |
Kotak FMP Series 304 - 3119 Days Direct - Growth | 104.05 | 1.02 | 2.44 | 4.64 | 7.24 | - | |
Kotak FMP Series 308 - 1125 Days Direct - Growth | 89.46 | 0.68 | 2.03 | 3.92 | 7.50 | - | |
Kotak FMP Series 305 - 1200 Days Direct - Growth | 32.30 | 0.68 | 1.94 | 3.63 | 7.01 | - |
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1. Kotak FMP Series 292 - 1735 Days - Direct Plan is Closed-end FMP Debt scheme which belongs to Kotak Mahindra Mutual Fund House.
2. The fund was launched on Aug 13, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. "
2. It is benchmarked against NIFTY Medium to Long Duration Debt Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Kotak FMP Series 292 - 1735 Days - Direct Plan is 1.67 years and Duration is 1.5272 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Kotak FMP Series 292 - 1735 Days Direct - IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Kotak FMP Series 292 - 1735 Days Direct - IDCW
- Is it safe to invest in Kotak FMP Series 292 - 1735 Days - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Kotak FMP Series 292 - 1735 Days - Direct Plan comes under Low to Moderate risk category.
- What is the category of Kotak FMP Series 292 - 1735 Days - Direct Plan?Kotak FMP Series 292 - 1735 Days - Direct Plan belongs to the Debt : FMP category of funds.
- How Long should I Invest in Kotak FMP Series 292 - 1735 Days - Direct Plan?The suggested investment horizon of investing into Kotak FMP Series 292 - 1735 Days - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Kotak FMP Series 292 - 1735 Days - Direct Plan?The Kotak FMP Series 292 - 1735 Days - Direct Plan is managed by Deepak Agrawal (Since Aug 10, 2021) and Manu Sharma (Since Nov 01, 2022).
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